A Petty Cash Fund Was Established with a $350 Balance

question 104

Multiple Choice

A petty cash fund was established with a $350 balance. It currently has cash of $41 and petty cash tickets totaling $309. Which of the following would be included in the entry to replenish the fund?

• A)a credit to Petty Cash for $309
• B)a debit to Petty Cash for $41
• C)a credit to Cash for $41
• D)debits to various expenses for $309

---

Definitions:

Conduct Business

The act of engaging in activities that involve the sale or purchase of goods and services with the aim of earning profits.

Pocahontas

A Native American woman notable for her association with the colonial settlement at Jamestown, Virginia, and her role in fostering peace between English colonists and Native Americans.

John Smith

John Smith was an English soldier, explorer, and author, best known for his role in establishing the first permanent English settlement in North America at Jamestown, Virginia, and his interactions with the Native American population.

England

A country in Europe, part of the United Kingdom, known for its rich history, cultural heritage, and as the birthplace of the English language.